#Joshua Harris billionaire co-founder of Apollo Global Management

[sportsleague365]

It appears it won’t be long before Newcastle United have some new owners. And they will be rich ones. Mike Ashley, Sports Direct retail king, has endured a fractured relationship with the club’s fanbase. Mike Ashley’s controversial 13-year tenure at Newcastle looks all-but overGetty Images - GettyMany supporters were rejoicing at the news of a potential takeover with Jim White revealing on talkSPORT the £300million deal was done and just waiting on Premier League approval. PCP Capital Partners, headed by Amanda Staveley, have brokered the deal which is being backed by Saudi Arabia royal family’s Public Investment Fund (PIF). The group is led by Crown Prince Mohammed bin Salman and the PIF are believed to have assets of more than £260billion. The Premier League has many billionaire owners, Mike Ashley himself is a billionaire, but the deal will make Newcastle one of the richest clubs in the world. Here is where the club will rank in terms of current owners of top flight clubs in England. Amanda Staveley is set to complete a £300million takeover of NewcastleGetty20. NORWICH – DELIA SMITH AND MICHAEL WYNN-JONES (£23M) The pair are joint majority shareholders in the Canaries and purchased the club in 1996. Delia Smith made her name as a cookery writer, author and television personality while Michael Wynn-Jones came from the publishing industry. Michael Wynn Jones and wife Delia Smith celebrate Norwich’s play-off success in May 201519. BURNLEY – MIKE GARLICK (£62M) Garlick became sole chairman of the club in 2015 when co-chairman John Banaszkiewicz stepped down. He is the found and CEO of Michael Bailey Associates, a project management and consultancy company. Mike Garlick became sole chairman of Burnley in 2015Getty Images - Getty18. WATFORD – GINO POZZO (£93M) The Pozzo family bought the club from Laurence Bassini in 2012 with Gino having full ownership and control. He is the son of Italian businessman Giampaolo Pozzo who made his money through the family business, tool-maker Freud. Watford are owned by Gino PozzoGetty Images - Getty17. SHEFFIELD UNITED – PRINCE ABDULLAH BIN MUSA’ED (£198M) Prince Abdullah is another Saudi Arabian but with nowhere near the wealth of the new Newcastle owners. He won a High Court battle with Kevin McCabe over the ownership of the Blades. McCabe had to sell his stake to Price Abdullah for £5m following a ruling last year. He is the son of Prince Musa’id bin Abdulaziz Al Said and set up a paper manufacturing company in 1989. Prince Abdullah has a 100 per cent stake in Sheffield Unitedgetty16. BOURNEMOUTH – MAXIM DEMIN (£900M) The Russian businessman became a co-owner of the club in 2011 when the club was in League One. He assumed full ownership of the club in 2013. He owns at least two companies in the UK, Wintel – a petrochemical company – and Wintel Holdings Ltd. Other than that his business background remains a mystery. Bournemouth owner Maxim Demin with Jamie Redknapp.15. WEST HAM – DAVID SULLIVAN AND DAVID GOLD (£1.2BN) Sullivan made his fortune in the pornography industry and he previously owned the Daily Sport and Sunday Sport. Gold owns Gold Group International, the parent company of Ann Summers and he previously co-owned adult magazine company Gold Star Publications with his brother. Gold and Sullivan acquired a 50 per cent share inWest Hamin January 2010 and then purchased a further 10 per cent a few months later. David Gold and David Sullivan on the day they took charge of West HamGetty Images - Getty14. BRIGHTON – TONY BLOOM (£1.3BN) Bloom became chairman of the Seagulls in 2009 and in that time he has overseen their rise from League One to the Premier League. He is thought to have acquired most of his wealth from online gambling and gaming websites. Bloom also finished fourth at the World Series of Poker in 2005. Tony Bloom became Brighton chairman in 2009AFP or licensors13. EVERTON – FARHAD MOSHIRI (£1.5BN) Moshiri was previously involved at Arsenal but sold his stake in the club to complete a takeover of Everton, which was officially confirmed in February 2016. He owns and has shares in multiple steel and energy companies in the UK and Russia. Farhad Moshiri has owned Everton for four years12. LIVERPOOL – JOHN HENRY (£2.1BN) Henry’s company Fenway Sports Group bought Liverpool in 2010 and he also owns the Boston Red Sox. The American founded John W. Henry & Company, an investment management company. John Henry also owns the Boston Red SoxAFP or licensors11. CRYSTAL PALACE – JOSHUA HARRIS (£2.7BN) Harris owns an 18 per cent stake in Palace as well as being the principal shareholder of the NHL team the New Jersey Devils and NBA team the Philadelphia 76ers. He co-founded Apollo Global Management, one of the world’s largest investment firms. Josh Harris and David Blitzer both have stakes in Crystal PalaceGetty10. SOUTHAMPTON – GAO JISHENG (£3.1BN) Jisheng became the Saints’ majority owner in 2017 when he completed a £210m deal. He was the founder of Lander Sports Development until last year when he sold enough shares to lose control of the real-estate company. Gao Jisheng bought an 80 per cent stake in Southampton at the start of the 2017-18 seasonGetty9. MANCHESTER UNITED – THE GLAZERS (£3.6BN) Malcolm Glazer gradually bought shares of the club between 2003 and 2005 to complete his takeover. He made his fortune in property, banking and healthcare before his death in 2014. His sons, Avram and Joel, have since stepped up as co-chairmen. Malcolm Glazer bought up shares in Man United between 2003 and 2005AFP8. TOTTENHAM – JOE LEWIS (£3.9BN) English National Investment Company, which Lewis owns 70.6 per cent, bought a controlling stake in Tottenham in 2001 from Alan Sugar. He is the main investor in Tavistock Group, which owns more than 200 companies ranging from sports teams, energy companies, restaurants and luxury properties. Joe Lewis has been involved with Tottenham since 2001Corbis - Getty7. LEICESTER – AIYAWATT SRIVADDHANAPRABHA (£4.6BN) The 34-year-old, known as Top, became CEO and chairman of King Power and the chairman of Leicester when his father died in a helicopter crash outside the club’s stadium in 2018. Jamie Vardy comforts Aiyawatt Srivaddhanaprabha as they pay their respects at the sea of tributes to the victims of the crash at Leicester CityGetty Images - Getty6. ASTON VILLA – NASSEF SAWIRIS (£5BN) Sawiris replaced Tony Xia as Villa owner in July 2018 when he bought a 55 per cent controlling stake in the club. He is from one of Egypt’s wealthiest families and owns numerous construction, engineering and building companies. Aston Villa owners Wes Edens (L) and Nassef Sawiris helped the club return to the Premier League@JimWhite on Twitter5. WOLVES – GUO GUANGCHANG (£5.2BN) Guangchang completed his takeover of the club in 2016 and has made a serious investment in the team. He is chairman of the Fosun Group and has invested in insurance, pharmaceuticals, healthcare, property, steel, mining, retail, services and finance. Guo Guangchang has heavily invested in WolvesRex Features4. ARSENAL – STAN KROENKE (£6.8BN) Kroenke married Walmart heiress Ann Walton in 1974 and later founded Kroenke Group in 1983, which is a property development firm. He first became involved in Arsenal in 2007 before assuming majority control in 2011. Kroenke also owns the LA Rams NFL team, which he relocated from St Louis in 2016. Stan Kroenke also owns the NFL team the Los Angeles RamsAFP - Getty3. CHELSEA – ROMAN ABRAMOVICH (£9.6BN) Abramovich purchased Chelsea for £140m in 2003 and oversaw a huge investment in the squad that has brought great success to the club. He sold his stake in the Russian gas company Gazprom in 2005 and owns stakes in steel and nickel companies among his other business ventures. Roman Abramovich bought Chelsea in 2003Getty2. MAN CITY – SHEIKH MANSOUR (£23.3BN) Mansour is the deputy prime minister of the United Arab Emirates and half brother of current UAE president Khalifa bin Zayed Al Nayhan. He is chairman of International Petroleum Investment Company and also has a stake in Virgin Galactic. He also owns the Abu Dhabi Media Investment Corporation. Mansour completed a takeover of the club in 2008 and has poured huge investment into the club. Since he became the Man City owner they have won four Premier League titles. Sheikh Mansour bought Manchester City in 2008Getty1. NEWCASTLE – SAUDI ARABIA PUBLIC INVESTMENT FUND (£260BILLION) They are headed by Crown Prince Mohammed bin Salman who is currently serving as Saudi Arabia’s deputy prime minister with his family’s wealth thought to be worth more than £1.3trillion. The Public Investment Fund (PIF) of Saudi Arabia are the group who want to take an 80 per cent stake in the club from Mike Ashley. The PIF group are thought to have assets worth around £260billion. The Crown Prince is thought to have personal assets in the region of £7billion. Mohammed bin Salman could be Newcastle’s next ownerGetty Images - Getty #PremierLeague #NewcastleUnited #AstonVilla

[actutrends]

The Hill’s owner seeks potential buyers, investors

Finkelstein, in an interview, called the property of the story “not real” however would not elaborate. He acknowledged having actually worked with the boutique investment firm Methuselah Advisors, which concentrates on big media deals and has actually inquired to several big media companies. He stated he has had Methuselah “on retainer for quite a long time to evaluate media opportunities and evaluate incoming offers that we get regularly.”

Either Finkelstein or his representatives approached James Murdoch about The Hill, according to an individual knowledgeable about the matter, who decreased to discuss whether Murdoch was interested in buying the publication.

In recent months, The Hill has been cast in a critical spotlight due to the fact that of columns by the conservative reporter and former Hill TELEVISION executive John Solomon, including one alleging that a former U.S. ambassador had poorly demanded that Ukrainian authorities halt an investigation into a business affiliated with Hunter Biden, the child of previous Vice President Joe Biden.

Solomon’s claims– which have actually been challenged by U.S. authorities and in testament on Capitol Hill— helped to fuel an examination by President Donald Trump’s lawyer Rudy Giuliani, after which Trump kept military help to Ukraine while requiring that Ukrainian president Volodymyr Zelensky release a probe of the Bidens. The House investigation into the matter caused Trump’s impeachment, and at least one Democratic Home representative stated she would no longer speak to reporters from The Hill since of Solomon’s work.

Bob Cusack, executive editor of The Hill, announced in early December that the publication was reviewing Solomon’s stories and columns, amidst severe concerns about their precision and an outcry amongst the publication’s reporters.

Finkelstein has been one of Giuliani’s best buddies for lots of years, according to a former Giuliani associate.

Even neglecting the debate over Solomon’s columns, a media investor knowledgeable about The Hill kept in mind that its advertiser-based business model would not be attractive for numerous possible buyers or investors. “No publication that does severe journalism has had the ability to make it on advertising” alone in recent years, the investor said, indicating residential or commercial properties like Vice and Vox Media, which suffered comparable problems.

Finkelstein highly contested that The Hill is in poor financial shape. “The Hill is extremely rewarding with strong profits development for many years” and said the company plans on expanding its editorial personnel in the coming year.

In the middle of the debate over Solomon’s columns, Finkelstein’s close relationship with the Trumps has actually come under closer scrutiny. According to CNN, Finkelstein frequently speaks to Hill editors about Trump protection, and intervenes in news protection if he thinks it depicts the president too adversely. “Getting a phone call from Trump would fill him with joy,” one previous worker told CNN.

The relationship went both methods. A senior staff member at The Hill told POLITICO that Finkelstein attended the 2nd presidential argument in 2016 as a visitor of the Trump project, to the consternation of the newsroom’s leadership. “Fortunately nobody caught it. But it’s weird to have the owner of a D.C. publication sitting there, in the row behind the president’s household, during a presidential debate,” said this employee.

Finkelstein said in reaction that he was a signed up Democrat “and although I do understand The President and Giuliani, I am close to as lots of, if not more Democrats.” He did not resolve newsroom issues about his participation at the argument.

Finkelstein had when held a substantial media portfolio as the co-founder of the Prometheus Media Group, which bought The Hollywood Reporter, Billboard and Adweek for $70 million in 2009 In 2013, Finkelstein’s co-investors in Prometheus bought him out of the company, supposedly in action to ballooning expenses and little growth under his management.

Finkelstein also inherited the Manhattan-based media conglomerate News Communications from his late father, Jerry Finkelstein, which included a number of New york city publications, in addition to The Hill. Between 2001 and 2007, Finkelstein sold every residential or commercial property in News Communications other than for the Hill to numerous New York experts, including former Rep. Gary Ackerman (D-N.Y.).

Commerce Secretary Wilbur Ross when owned a substantial stake in News Communications, long prior to Ross went into the Trump administration, according to 2 individuals familiar with the matter and a statement released when he made the purchase in 1996.

According to the people knowledgeable about the matter, Ross anticipated that the business would assist his spouse at the time, Betsy McCaughey Ross, then New york city’s lieutenant guv, gear up for a stopped working gubernatorial quote. Tom Allon, who was executive vice president of News Communications, composed in City and State last year that McCaughey Ross would call him nearly every week asking him to run columns of hers in the regional documents, and when threatened him by asking him: “Should I call Wilbur and tell him to require you to run my column today?”

In 2002, media mogul Conrad Black bought a managing interest in The Hill and numerous local Hamptons publications for $20 million, only for Finkelstein ultimately to take back control later on. (In 2019, Trump pardoned Black, a personal pal, who had actually been founded guilty of fraud and obstruction of justice in 2007.)

Besides Finkelstein, The Hill has a number of minority investors. As of early 2018, Joshua Harris, a billionaire private equity investor who co-founded Apollo Global Management and owns the Philadelphia 76 ers, was a minority investor in The Hill, a fact that’s revealed at the bottom of a 2018 story by the publication.

The post The Hill’s owner seeks potential buyers, investors appeared first on Actu Trends.

[thisdaynews]

The Hill’s owner seeks potential buyers, investors

New Post has been published on https://thebiafrastar.com/the-hills-owner-seeks-potential-buyers-investors/

The Hill’s owner seeks potential buyers, investors

Finkelstein, in an interview, called the premise of the story “not true” but would notelaborate. He acknowledged having hired the boutique investment firm Methuselah Advisors, which specializes in large media transactions and has made inquiries to several large media companies. He said he has had Methuselah “on retainer for quite some time to evaluate media opportunities and evaluate incoming offers that we get regularly.”

Either Finkelstein or his representatives approached James Murdochabout The Hill, according to a person familiar with the matter, who declined to comment on whether Murdoch was interested in buying the publication.

In recent months, The Hill has been cast in a critical spotlight because of columnsby the conservative journalist and former Hill TV executive John Solomon, including one alleging that a former U.S. ambassador had improperly demanded that Ukrainian officials halt an investigation into a company affiliated with Hunter Biden, the son of former Vice President Joe Biden.

Solomon’s claims — which have been disputed by U.S. officials and in testimony on Capitol Hill—helped to fuel an investigation by President Donald Trump’s lawyer Rudy Giuliani, after which Trump withheld military aid to Ukraine while demanding that Ukrainian president Volodymyr Zelensky launch a probe of the Bidens. The House investigation into the matter led to Trump’s impeachment, and at least one Democratic House representative said she would no longer talk to reporters from The Hill because of Solomon’s work.

Bob Cusack, executive editor of The Hill, announced in early December that the publication was reviewing Solomon’s stories and columns, amid serious questions about their accuracy and an uproar among the publication’s reporters. Cusack, who has said the review eventually will be made public, didn’t respond to requests for comment. Solomon has long maintained that he stands by the accuracy of his columns.

Finkelstein hasbeen one of Giuliani’s best friends for many years, according to a former Giuliani associate. CNN reported last year that Finkelstein often boasted that he was friends with Trump as well, and that his wife once hosted a baby shower for Melania Trump. Trump himself has acknowledged this relationship, according to CNN,once asking a Hill reporter who interviewed him to “[t]ell Jimmy I said hello.”

Even disregarding the controversy over Solomon’s columns, a media investorfamiliar with The Hillnoted that its advertiser-based business model would not be attractive for many potential buyers or investors. “No publication that does serious journalism has been able to make it on advertising” alone in recent years, the investor said, pointing to properties like Vice and Vox Media, which suffered similar problems.

Finkelstein strongly disputed that The Hill is in poor financial shape. “The Hill is highly profitable with strong revenue growth for many years” and said the company plans on expanding its editorial staff in the coming year.

Amid the controversy over Solomon’s columns, Finkelstein’s close relationship with the Trumps has come under closer scrutiny. According to CNN, Finkelstein frequently talks to Hill editors about Trump coverage, and intervenes in news coverage if he thinks it portrays the president too negatively. “Getting a phone call from Trump would fill him with joy,” one former employee told CNN.

The relationship went both ways. A senior employee at The Hill told POLITICO that Finkelstein attended the second presidential debate in 2016 as a guest of the Trump campaign, to the consternation of the newsroom’s leadership. “Luckily no one caught it. But it’s weird to have the owner of a D.C. publication sitting there, in the row behind the president’s family, during a presidential debate,” said this employee.

Finkelstein said in response that he was a registered Democrat “and although I do know The President and Giuliani, I am close to as many, if not more Democrats.” He did not address newsroom concerns about his attendance at the debate.

Finkelstein had once held an extensive media portfolio as the co-founder of the Prometheus Media Group, which purchased The Hollywood Reporter, Billboard and Adweekfor $70 million in 2009.In 2013, Finkelstein’s co-investors in Prometheus bought him out of the company, reportedly in response to ballooning costs and little growth under his leadership.

Finkelstein also inherited the Manhattan-based media conglomerate News Communications from his late father, Jerry Finkelstein, which included a number of New York publications such as The National Law Journal, as well as The Hill. Between 2001 and 2007, Finkelstein sold every property in News Communications except for the Hill to various New York insiders, including former Rep. Gary Ackerman (D-N.Y.).

Commerce Secretary Wilbur Ross once owned a substantial stake in News Communications, long before Ross entered the Trump administration, according to two people familiar with the matter and a statement released when he made the purchase in 1996.

According to the people familiar with the matter, Ross expected that the company would help his wife at the time, Betsy McCaughey Ross, then New York’s lieutenant governor, gear up for a failed gubernatorial bid. Tom Allon, who was executive vice president of News Communications, wrote in City and State last year that McCaughey Ross would call him almost every week asking him to run columns of hers in the local papers, and once threatened him by asking him: “Should I call Wilbur and tell him to force you to run my column today?”

In 2002, media mogul Conrad Black bought a controlling interest in The Hill and several local Hamptons publications for $20 million, only for Finkelstein eventually to take back control later. (In 2019, Trump pardoned Black, a personal friend, who had been convicted of fraud and obstruction of justice in 2007.)

Besides Finkelstein, The Hill has a number of minority investors. John Catsimatidis, the billionaire owner of Gristedes Foods and a former Republican candidate for New York mayor, has a financial stake in The Hill, according to two people familiar with his stake. As of early 2018, Joshua Harris, a billionaire private equity investor who co-founded Apollo Global Management and owns the Philadelphia 76ers, was a minority investor in The Hill, a fact that’s disclosed at the bottom of a 2018 story by the publication.

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[lucriasafinancial]

Private equity can still find 'diamonds in the rough': Apollo exec

Private equity can still find ‘diamonds in the rough’: Apollo exec

FILE PHOTO: Joshua Harris, co-founder and a member of the board of directors at Apollo Global Management speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., May 1, 2017. REUTERS/Lucy Nicholson/File Photo

NEW YORK (Reuters) – Private equity billionaire Joshua Harris thinks there are still plenty of undervalued companies to improve and profit from,…

[enzocalamo]

Private equity billionaire scoops up massive UES manse for 40% discount

Apollo Global Management co-founder Joshua Harris just bought an Upper East Side mega mansion for $45 million.